The European division of LSG Sky Cooks was already offered to Gategroup in 2019. Lufthansa then managed the onboard catering and different meals actions in North America, Latin America, Asia-Pacific and so-called rising markets, plus onboard gross sales in Europe and the USA. However they had been additionally within the store window. Now Aurelius is the client.
“We’re happy to have discovered the best investor for LSG Group, who has the total help of the administration of LSG Group,” mentioned Remco Steenbergen, Lufthansa’s Dutch Chief Monetary Officer. “We’re assured that with Aurelius, LSG Group is nicely geared up for the approaching years. The transaction allows Lufthansa Group to focus much more on additional bettering revenue and profitability.”
How a lot Aurelius can pay for LSG Group has not been disclosed, however the transaction may have a optimistic impact on Lufthansa Group’s revenue margin. The now offered enterprise models make use of roughly 19,000 folks worldwide and canopy 36 joint ventures.
